MTNL shares rise over 8% on merger talks with BSNL

Wednesday, March 8, 2017, 3:03 PM

Shares of MTNL on Wednesday increased over 8%, on the buzz of its merger with BSNL. After making a positive opening, MTNL’s shares gained 8% to Rs 24.25 on BSE. On NSE, shares of the company increased 8.42% to Rs 24.45. After a break of a few years, the proposal to merge state-run telecom firms BSNL and MTNL is back on the discussion table.